INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART XII
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DROUGHT INVESTMENT ALLOWANCE
Division 6
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Special provisions about leasing companies
Subdivision A
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Partnerships
SECTION 662
662
LOSS OF PARTNER DEDUCTION IF PRE-LEASE CONTRACT ETC.
A partner is not entitled to a deduction as a result of section 661 if, before the partnership leased the item of drought mitigation property to the lessee, the lessee entered into a contract or arrangement with another person for the use of the item by the other person.
View history note
Hide history noteA partner is not entitled to a deduction as a result of section 661 if, before the partnership leased the item of drought mitigation property to the lessee, the lessee entered into a contract or arrangement with another person for the use of the item by the other person.
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